SHE:301023 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	264	258.36	279.09	173.64	182.8	206.08
Other Revenue	-	-	3.19	0.93	0.39	0.34
Revenue	264	258.36	282.27	174.57	183.19	206.43
Revenue Growth (YoY)	-11.08%	-8.47%	61.69%	-4.70%	-11.26%	11.91%
Cost of Revenue	152.47	146.62	156.76	99.33	100.43	112.29
Gross Profit	111.53	111.74	125.51	75.25	82.76	94.14
Selling, General & Admin	25.52	27.09	23.13	17.72	15.74	14.22
Research & Development	15.67	16.04	13.2	9.27	9.86	9.84
Other Operating Expenses	1.23	1.18	2.46	1.25	2.43	1.04
Operating Expenses	42.42	44.31	41.6	28.81	28.22	25.88
Operating Income	69.11	67.43	83.91	46.43	54.54	68.26
Interest Expense	-	-	-0.04	-0.06	-0.01	-
Interest & Investment Income	5.77	7.03	21.68	9.38	9.61	5.68
Currency Exchange Gain (Loss)	-	-	1.94	-0.15	21.33	-3.58
Other Non Operating Income (Expenses)	4.8	7.79	-0.08	-0.07	-0.09	-0.1
EBT Excluding Unusual Items	79.68	82.25	107.4	55.53	85.38	70.27
Gain (Loss) on Sale of Investments	-1.37	-0.77	-1.18	-3.18	-1.01	3.04
Gain (Loss) on Sale of Assets	0.02	-	-	0.01	0	-
Asset Writedown	-0.46	-0.55	-0.01	-0.01	-0.01	-0.01
Other Unusual Items	-	-	0.37	1.47	7.67	2.18
Pretax Income	77.87	80.93	106.57	53.83	92.03	75.48
Income Tax Expense	10.77	10.34	13.59	7.4	12.79	9.95
Earnings From Continuing Operations	67.1	70.6	92.98	46.43	79.24	65.53
Minority Interest in Earnings	0.48	0.74	1.53	1.17	0.55	-
Net Income	67.58	71.34	94.51	47.61	79.78	65.53
Net Income to Common	67.58	71.34	94.51	47.61	79.78	65.53
Net Income Growth	-31.21%	-24.51%	98.51%	-40.33%	21.75%	-3.48%
Shares Outstanding (Basic)	78	78	77	78	79	67
Shares Outstanding (Diluted)	78	78	77	78	79	67
Shares Change (YoY)	0.25%	0.67%	-0.61%	-1.47%	17.47%	13.66%
EPS (Basic)	0.87	0.92	1.23	0.61	1.01	0.98
EPS (Diluted)	0.87	0.92	1.22	0.61	1.01	0.98
EPS Growth	-31.38%	-24.68%	98.83%	-39.44%	3.65%	-15.08%
Free Cash Flow	63.31	73.31	26.59	3.89	36.28	37.53
Free Cash Flow Per Share	0.81	0.94	0.34	0.05	0.46	0.56
Dividend Per Share	-	-	1.071	0.664	0.723	0.333
Dividend Growth	-	-	61.28%	-8.08%	116.83%	-
Gross Margin	42.25%	43.25%	44.47%	43.10%	45.18%	45.60%
Operating Margin	26.18%	26.10%	29.73%	26.60%	29.77%	33.07%
Profit Margin	25.60%	27.61%	33.48%	27.27%	43.55%	31.74%
Free Cash Flow Margin	23.98%	28.38%	9.42%	2.23%	19.81%	18.18%
EBITDA	78.21	76.34	92.01	53.18	59.66	73.25
EBITDA Margin	29.62%	29.55%	32.60%	30.46%	32.56%	35.49%
D&A For EBITDA	9.1	8.9	8.1	6.75	5.11	4.99
EBIT	69.11	67.43	83.91	46.43	54.54	68.26
EBIT Margin	26.18%	26.10%	29.73%	26.60%	29.77%	33.07%
Effective Tax Rate	13.83%	12.77%	12.75%	13.74%	13.90%	13.19%
Revenue as Reported	-	-	282.27	174.57	183.19	206.43

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.